Exercise 8-11A (Algo) Issuing stock for cash LO 8-4 Tom Yuppy, a wealthy investor, paid $58,480 for 1,360 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,720 shares of stock to Yuppy for $43 per share. Required Show the effect of the two stock issues on Lewig's books in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (A), or financing activity (FA). If an element was not affected by the event, leave the cell blank. LEUIG CORP Horizontal Statements Model Balance Sheet Stockholders' Equity Revenue Land Common PIC In Stock Excese Asset Income Statement Expense Event Net Income Sta Cash 1 - Common stock 2 - Issue of additional shares : on